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 Jeff and Ethel Maxwell “We’ve included the ‘Hutch’ in our estate plans for two primary reasons. First, it’s important for us to know that the support for the ‘Hutch’ that’s been so important to us during our lives will continue after we’re gone. And a charitable bequest or beneficiary designation makes a significant statement to our family of the ‘Hutch’s’ value and importance to us, and hopefully sets an example that will encourage them to embrace philanthropy in their own life planning.” |
Immediate charitable gift annuity
Part gift and part annuity, an immediate charitable gift annuity is an agreement between you and the Hutchinson Center, whereby you make a contribution of cash, stocks, bonds or real estate to the Center in exchange for fixed payments starting now and continuing for the remainder of your life or the life of someone you choose. You are entitled to an immediate income tax deduction for the part of the contribution that is a gift. A portion of the annual payments may be tax-free, making this arrangement even more attractive. Part of your gift immediately supports research, and the rest will benefit the Center in the future.
View an immediate charitable gift annuity example that shows the income and tax benefits for you and/or your loved ones.
Deferred charitable gift annuity
With a deferred charitable gift annuity you will begin receiving payments at a designated time in the future (often the year you expect to retire). Deferring the start of your payments increases the amount you will receive each year. Even though your payments are postponed, you can obtain an immediate income tax deduction.
View a deferred charitable gift annuity example that shows the income and tax benefits for you and/or your loved ones.
Charitable remainder trust
Charitable remainder unitrusts or annuity trusts provide you or someone you designate with payments for a term of years or a lifetime and can be variable or fixed. When the trust terminates, the remaining assets will be used by the Center as you have directed. A trust document needs to be prepared by an attorney, and the trust must be administered by a trustee.
View a charitable remainder trust example that shows the income and tax benefits for you and/or your loved ones.
| The purpose of these Web pages is to provide general educational information about charitable gifts, financial considerations and estate planning. They are not intended as legal, accounting or other professional advice. For assistance in planning charitable gifts with tax and other financial implications, the services of appropriate advisers should be obtained. Consult an attorney for advice if your plans require revision of a will or other legal document. |
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